Best and Bad uses of the Credit Card,Loans facilities
Best and Bad uses of the Credit Card:-
What is Credit Card? :- Credit card Ko ek plastic money ke tarike se uses Kiya jata hai Banks Apne Ko Credit Card dete jo Debit Card jaisa hota hai.Hum use shoppings,dinnings or emergency ke tor par use kar sakte hai.
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| Credit cards Uses |
Types of Credit Cards:- There are many types of Credit Cards like Petroleum,Dinnings,Shoppings,et
And many more. It's your choices that what types of shopping you are doing more like more dinnings in weeks. Credit Cards gives you a reward points that you can redeem.Its also gives a exciting offers like Cashbacks and many more.
Time of paying back money:- The time which give you a Credit Cards Company is of 45 Days like if you purchase today first it will generate bill after 15 days in which it is written as on what date your paying amount is to paid by you and what amount of bill generated and that after 15-20 days you have to payback the amount that which you have purchased or shopping done by you.
- Best/Advantages of Credit Cards:-
• You can shop or purchase anything even if you don't have money.
• You can use it in Emergency.
• If you can use it safely than you are benefited more to you.
- Bad/Disadvantages of Credit Cards:-
• It can increase your expenses because you don't tension of less money.
• It is bad because if you don't pay your payment or installment at time because the interest charges are very high.
• It can block you in the bigger debt.
• Interest charges are upto 30-40℅ which are starting from the 18℅.
- Loan facility of payment not paying on time:- If you can't pay your amount means you are out of money to pay your payment then bank can gives the EMI (Loan) facility then you can easily pay in EMI amount depends how many months of EMI you want to keep.Normally the banks can give you upto 3-4 years of monthly EMI.
- My opinion for your uses:- From my point of view i suggest you that don't use your card more only use it when it is more emergency and if you want money then take from someone for sometimes.
Thank you
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